Ingebrigtsen pipped to 5km road gold in Copenhagen
Ingebrigtsen pipped to 5km road gold in Copenhagen. Figure caption, Eritrea's Seare surges to gold ahead of Ingebrigtsen in men's 5kmPublished9 minutes agoJakob Ingebrigtsen was pipped to victory in the men's 5km in a thrilling finish at the World Road Running Championships in Copenhagen.
What happened
Jakob Ingebrigtsen is pipped to victory in the men's 5km in a thrilling finish at the World Road Running Championships in Copenhagen. Goldman Sachs is blaming weak consumer sentiment readings on broader feelings of unhappiness in society. Goldman economist Joseph Briggs told clients this week that the downward pressure may stem from broader pessimism in society. African 5,000m champion Dawit Seare found a reserve of energy to pip the Norwegian great and take gold for Eritrea, with compatriot Saymon Amanuel winning bronze.
Ingebrigtsen, 26, was taking part in only his sixth race of an injury-hit season, eight days after he won the 5,000m on the track at the Ultimate Athletics Championships in Budapest. Figure caption, Agathe Guillemot sprints to gold in women's mileLikina Amebaw of Ethiopia dominated the women's 5km, just six days after winning $150,000 (£112,000) for victory in the 5,000m in Budapest. Jake Heyward of Britain was 11th in a personal best on the roads of 3:55.
The wider picture
74, the fastest time in the world this year on the road, after timing her attack to perfection to beat Freweyni Hailu of Ethiopia. Mario Tama | Getty Images News | Getty ImagesGoldman Sachs identified a potential culprit for sour consumer sentiment readings: A decline in happiness. The Olympic 5,000m champion looked well out of contention until about the final kilometre but powered through to lead, until Seare caught and passed him in the dying stages to win in 12 minutes and 56 seconds.
Amebaw was imperious, making an early break to win in decisive fashion in 14:41. Caroline Gitonga of Kenya was seven seconds behind in second place and Rose Davies of Australia won bronze as Britain's Hannah Nuttall (15:08) came home in 10th. Figure caption, Germany's Robert Farken takes surprise winRobert Farken of Germany was a surprise winner of the men's mile. American Yared Nuguse led from the gun but was caught in the final 100m as Farken won in 3:51.
Agathe Guillemot of France won the women's mile in 4:22.
What has been reported
Kenyan Mirriam Cherop was third with Katie Snowden of Great Britain 16th. The half-marathon titles will be decided on Sunday, with the elite races forming part of a two-day festival of running in the Danish capital. Figure caption, Likina Amebaw wins 5km raceRelated topicsAthletics Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuKey PointsThe consumer sentiment index tracked by the University of Michigan hit record lows this year. The bank also drew a connection between lower happiness readings and decreasing trust in public institutions.
A shopper browses near 'Sale' signs in the meats section of a grocery store. According to a new Guardian poll, 95 percent of Americans think that the United States is in the midst of an affordability crisis with many reporting trouble affording necessities like gas and groceries. The index fell 13% year over year in September, due to a drop of almost 8% from August alone.
What happens next
Economists have widely questioned why sentiment has remained depressed since the Covid pandemic, even as the economy hummed along on paper. "Low reported economic sentiment likely reflects a more fundamental, downbeat assessment of the state of the world rather than the economy," Briggs wrote to clients. To be sure, Briggs said inflationary pressures are likely also hurting confidence. But he said "lower happiness" at large can partially explain the continued disconnect between sentiment and other measures of the economy's performance, such as gross domestic product growth or stock market performance, that offer rosier views.
Briggs pointed to data from the University of Chicago's General Social Survey illustrating how happiness never fully recovered from a drop during the pandemic. The share of respondents feeling "very happy" fell to 23% in 2024 from 31% in 2016, survey data shows. The percentage reporting responses of "not too happy" rose from 13% to 20% over the same period, per the data.
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